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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    174 Hardenburgh Rd Pine Bush, NY 12566

    • Commercial real estate
    • 10,422 SF
    • 33.60 lot acres
    For Sale
    View listing
    $2,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2107557
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 174 Hardenburgh Rd

    Lot size
    33.60 lot acres
    Property size
    10,422 SF
    Property type
    Commercial real estate
    APN
    520010500100020141120000

    Description

    This exceptional 33-acre property in Pine Bush, NY, presents a unique investment opportunity. The asking price is $2,400,000, with a price per square foot of $230.28. The property boasts 10,422 square feet of existing buildings and includes a 3-bedroom, 2-bathroom house with bonus rooms, a large eat-in kitchen, and a formal dining room featuring an original fieldstone floor. Numerous historic structures are present, including a silo and barns dating back to 1786 and 1989, along with a distillery and woodshed. Recent renovations include new roofs (2021, 2022, 2023), windows (2022), exterior paint (2022), and a new front door (2022). The property currently operates as a farm and vineyard and benefits from an agricultural tax exemption. The 1,143 feet of Shawangunkill River frontage offers stunning views and significant development potential. The property's zoning (RAG2) allows for subdivision into 2-acre lots, making it ideal for residential development or a unique agri-tourism venture. The extensive grounds are perfect for events or outdoor dining. Business and equipment are available for separate purchase. The property's APN is 520010500100020141120000. Located at 174 Hardenburgh Rd, Pine Bush, NY 12566.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pine Bush
    County
    Ulster
    State
    New York
    Longitude
    -74.2931436
    Latitude
    41.62232

    Comparable in this City

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      Two-Acre Parcel with Red Barn

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    Similar Nearby for Sale

    • $324,900
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      Pine Bush Mixed-Use Investment Opportunity

      Mixed-use property with commercial space and residential units in Pine Bush.
      1441 Burlingham Rd, Pine Bush, NY 12566
      View Details
    • $439,999
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      Deli, Store, and Apartment Building

      Thriving deli, convenience store, and apartment on 1.8 acres.
      1218 Burlingham Rd, Pine Bush, NY 12566
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    • $899,999
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      Colonial Estate with Accessory House

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    • $149,999
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      Two-Acre Parcel with Red Barn

      Level 2-acre parcel with a 780 sq. ft. red barn.
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      Serene Wooded Land Parcel

      1.4 acre wooded parcel in the historic hamlet of Cragsmoor.
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    • $169,000
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      9-Acre Lot in Pine Bush

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    Similar Nearby for Lease

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    174 Hardenburgh Rd
    Pine Bush, NY 12566
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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